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8570 E Shea BlvdScottsdale, AZ 85260
Rembrandt Surgery Center - Scottsdale
Asset ClassHealthcare Facility, Office
Deal Size$6.22 M
Cap Rate: 6.25%Year Renovated: 2024Lease-Term Remaining: 10 YearsAccess Data Room
Newly Built Out Ambulatory Surgery | Prime North Scottsdale Medical Corridor Location | 10 Year Sale Leaseback
overview of deal

Overview

Marcus and Millichap is pleased to offer the opportunity to acquire 8750 E. Shea Blvd, Bldg. F, Scottsdale, AZ (the “Property” or “Asset”), a ± 6,477 square foot class ambulatory surgery center (“ASC”) leased to a premier medical practice via a sale leaseback. The Asset is in North Scottsdale and Paradise Valley’s preeminent medical corridor and located just over one mile from the Honor Health’s Scottsdale Shea Medical Campus.

 

The Asset is being offered through a direct sale-leaseback with Rembrandt Outpatient Surgery Center, PLLC, who will execute a new 10-year NNN lease, commencing at close of escrow. The lease will be structured with 3.00% fixed annual rent increases over the term and includes two (2) additional five-year renewal options, delivering long-term income stability and built-in growth.

 

This state-of-the-art facility recently underwent a complete interior renovation in 2024, with a total investment of just under $2,500,000 ($385/SF) prior to Rembrandt Outpatient Surgery Center taking occupancy.

 

This opportunity is offered individually or as a portfolio with the Mesa location. Please inquire with the brokerage team for additional details.

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Investment Highlights

  • This state-of-the-art facility underwent a comprehensive interior renovation in 2024, with a total investment of just under $2,500,000 ($385/SF), prior to Rembrandt Outpatient Surgery Center’s occupancy. The improvements were tailored to support their specialized operations and included:

- Centrally Located in Scottsdale and Adjacent to Paradise Valley, Arizona’s Most Affluent Community

- Centrally Located in Scottsdale and Adjacent to Paradise Valley, Arizona’s Most Affluent Community

- Centrally Located in Scottsdale and Adjacent to Paradise Valley, Arizona’s Most Affluent Community

  • New lease will commence at closing with 10 years of firm lease term
  • NNN lease with minimal landlord responsibilities
  • Favorable 3.0% annual rent escalations throughout the lease term
  • Centrally Located in Scottsdale and Adjacent to Paradise Valley, Arizona’s Most Affluent Community
  • Core Scottsdale location just off Shea Boulevard and the Loop-101 Freeway
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8570 E Shea BlvdScottsdale, AZ 85260

Sales Team

Peter Bauman, SIORSenior Managing Director (602) 687-6685peter.bauman@marcusmillichap.com
Tivon Moffitt, SIORSenior Managing Director(602) 687-6688tivon.moffitt@marcusmillichap.com
Brett BakerSenior Financial Analyst(602) 687-6691brett.baker@marcusmillichap.com
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Inquire

Listing provided by Revere CRE